You Want to Start Your Own Small Business

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You want to start your own small business. Write a letter to a bank requesting information about obtaining a business loan to finance your new company. In your letter, include the following information:

what kind of business do you want to start
how much money do you need
the length of time over which you would expect to repay the money

Dear Sir or Madam,

I am writing to you to make a request to assist me in providing a loan for setting up a small business.

Let me inform you that I had been looking for running a new business. Now, I got an opportunity, and after continuous research, I found that I had better run a Cafe as there is total wilderness near my locality. So, running a cafe at such a place would allure people to enjoy its services. Besides, natural vegetation will act as a piece of cake for a cafe.

Furthermore, I would like to tell you that to set up for Cafe, and I need one lakh. Although the overhead expenses I will manage; but, to buy furniture and for the repair of the place, this amount is adequate. If possible, could you give me this loan at the end of this month as I plan to start it on the day of the opening of a trade fair? So, maximum people can visit.

In addition, I would be able to repay the amount in instalments. On every first date of every month, I will make payment. It would be great if you could make 10 instalments. If my business run successfully, I will pay the whole amount in time. If you have any queries, then do not hesitate to ask me? If you need any other proof, I am ready to send you.

I look forward to hearing from you. Yours Faithfully,

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